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Mounds View EDA June 12, 2006 Regular Meeting Page 2 46 7. EDA BUSINESS 47 48 A. Resolution 06-EDA-219 Authorizing the Acquisition of the Premium Stop 49 Property Located at 2390 County Road 10 Consistent with the Terms of the 50 Approved Purchase Agreement 51 52 Community Development Director Ericson asked that the EDA tabled action on this item until 53 the next meeting. He said he and the City Attorney’s office have been working out details about 54 the letter of closure. He explained that there are statements in the letter of closure that there is 55 some contamination that exists on the site, which was noted by the City’s consultants. He 56 explained that the MPCA acknowledges there is slight contamination. 57 58 Director Ericson said he and the City Attorney are working on the best means to acquire the 59 property. He said the property looks like a good deal, however, he does not want to end up with 60 hundreds of thousands of dollars worth of burden for clean-up costs. Director Ericson asked that 61 the EDA wait until the next meeting to take on the issue. 62 63 MOTION/SECOND: FLAHERTY/GUNN. To postpone action on Resolution 06-EDA-219 64 until the next EDA meeting on Monday, June 26. 65 66 Ayes – 3 Nays – 0 Motion carried. 67 68 8. REPORTS 69 70 Economic Development Coordinator Backman presented a report about the progress of 71 Medtronic. He stated the northern building is at eight stories, the central building is at two stories 72 and the south building has footings. He said construction is definitely progressing. He said on 73 the east side of Coral C, there is a lot that has been leveled. He explained Medtronic will be 74 putting in a temporary parking lot on the Blaine side during construction that will reduce traffic 75 on Mounds View roads. He noted the parking lot will be there for about a year and a half to two 76 years. 77 78 Coordinator Backman stated there will be a lot of concrete poured for the parking ramp. He said 79 there may be a “Medtronic Webcam” on the top of the north building and if it is available, he 80 will inform the EDA so citizens can have a “birds-eye-view” of construction online. He stated he 81 will keep the EDA informed. 82 83 Coordinator Backman said around August, the first businesses will vacate and move to another 84 location further north. He said both businesses will be moving farther north. 85 86 Coordinator Backman said in October, the bridge over 35W will come down and traffic will be 87